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Stewart Butterfield
#2647

Stewart Butterfield

Source of wealth: Messaging software

Net Worth

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Earnings per second

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Modules

Biography

Stewart Butterfield is the cofounder and former CEO of team-based messaging software Slack.

In 2021, cloud software giant Salesforce acquired Slack for $27.7 billion in cash and stock.

Butterfield departed Salesforce in 2022, amid an exodus of executives at the company.

Butterfield and wife Jen Rubio, the founder of luggage startup Away, sold their San Francisco home and moved to Aspen in 2020.

Though he cofounded a tech company, Butterfield proudly majored in philosophy as an undergraduate at Canada's University of Victoria.

Financial Assets

Exchange
NYSE
Ticker
CRM-US
Company
Salesforce.com
Exchange
NYSE
Ticker
CRM-US
Company
Salesforce.com
Exchange
NYSE
Ticker
WORK-US
Company
Slack Technologies

The Great Lie of Mega-Fortunes: The Case of Stewart Butterfield

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Stewart Butterfield, linked to Technology and 'Messaging software', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 11 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.7 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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